ETF Comparison

SCHD vs SCHG: Which Is the Better Pick in 2026?

A head-to-head comparison of Schwab U.S. Dividend Equity ETF and Schwab U.S. Large-Cap Growth ETF covering yield, cost, risk, and income potential.

Data updated July 4, 2026

Schwab

ETFs34

Total AUM$574B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Schwab is known for offering low-cost, broad-based ETFs that serve both core portfolio holdings and specialized investment strategies. Their 33-fund lineup spans multiple asset classes including bonds, equities, international markets, digital assets, and factor-based strategies, with a notable emphasis on dividend-focused funds like SCHD alongside core index options. The issuer emphasizes accessibility for individual investors through competitive expense ratios and a diverse range of fund families designed to support various investment objectives.

See our curated list of related YouTube videos on SCHD and SCHG.

See all Schwab ETFs

Side-by-side snapshot

	SCHD	SCHG
Full name	Schwab U.S. Dividend Equity ETF	Schwab U.S. Large-Cap Growth ETF
Issuer	Schwab	Schwab
Last Close	$32.39 as of July 4, 2026	$34.12 as of July 4, 2026
Distribution yield	3.12%	0.40%
Distribution Safety Score	100	100
Expense ratio	0.06%	0.04%
AUM	$95.2B	$58.4B
Distribution frequency	Quarterly	Quarterly
Underlying index	Dow Jones U.S. Dividend 100 Index	Dow Jones U.S. Large-Cap Growth Total Stock Market Index
Objective	Seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100 Index, which measures the performance of high dividend yielding stocks issued by U.S. companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers based on financial ratios.	Capital Appreciation
Asset class	Equity	Equity
Inception date	10/20/2011	12/11/2009
Beta	0.59	1.19
Last dividend	$0.2525	$0.0340
Ex-dividend date	06/24/2026	06/24/2026

Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

Want to go deeper?

Add these ETFs to a sample portfolio and forecast your dividend income over 5+ years — no signup required.

Build a sample portfolio Forecast income

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

SCHD has outpaced SCHG over the trailing twelve months, posting a 23.16% total return against 18.35%. The picture flips over 10 years, though — SCHG has compounded at 18.68% a year, ahead of SCHD at 12.50%. SCHD has been the steadier holding, though — annualized volatility of 13.1% against 19.4% for SCHG. Figures are total returns: price change plus every distribution reinvested.

Symbol	YTD	1Y	3Y	5Y	10Y	Since Oct 2011	Volatility	Sharpe	Sortino	Max drawdown
SCHD	17.79%	23.16%	13.81%	8.69%	12.50%	13.16%	13.1%	0.65	0.94	-16.1%
SCHG	5.11%	18.35%	22.62%	13.75%	18.68%	17.47%	19.4%	0.82	1.17	-23.4%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 2, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Oct 2011” measures every fund from October 20, 2011 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Quick verdict

SCHD (Schwab U.S. Dividend Equity ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

SCHD offers the higher yield at 3.12% vs 0.40% for SCHG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

SCHG is cheaper with an expense ratio of 0.04% compared to 0.06%.

They track different benchmarks: SCHD is linked to Dow Jones U.S. Dividend 100 Index while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which means their performance drivers differ.

SCHD is the larger fund by assets ($95.2B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, SCHD would generate roughly $26.00/month, while SCHG would produce $3.33/month, at current distribution rates. Both pay quarterly distributions.

SCHD yield3.12%

SCHG yield0.40%

Monthly diff on $10K$22.67

Cost & efficiency

Over 10 years on $10,000, SCHD would cost approximately $60 in fees vs $40 for SCHG (simplified, not compounded). The $20.00 difference may be offset by yield or performance.

SCHD ER0.06%

SCHG ER0.04%

Strategy & risk

SCHD tracks Dow Jones U.S. Dividend 100 Index with a basket approach, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach. Beta is 0.59 for SCHD and 1.19 for SCHG, indicating SCHD is less volatile relative to the market.

SCHD beta0.59

SCHG beta1.19

Fund details

SCHD is managed by Schwab (launched 10/20/2011) with $95.2B in assets. SCHG is managed by Schwab (launched 12/11/2009) with $58.4B in assets.

SCHD AUM$95.2B

SCHG AUM$58.4B

Ready to act?

Open in Comparator Model in portfolio See pricing

Frequently asked questions

Is SCHD or SCHG better for dividend income?

It depends on your goals. SCHD currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between SCHD and SCHG?

SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index with a basket approach, while SCHG (Schwab U.S. Large-Cap Growth ETF) tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach. They are issued by Schwab and Schwab respectively.

Can I hold both SCHD and SCHG?

Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.

Which has lower fees, SCHD or SCHG?

SCHD has an expense ratio of 0.06% while SCHG charges 0.04%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in SCHD vs SCHG generate?

At current rates, $10,000 in SCHD would generate roughly $26.00 per month ($312.00 annually). The same in SCHG would produce about $3.33 per month ($40.00 annually).

Which has performed better historically, SCHD or SCHG?

More comparisons to explore

People also compare SCHD with

People also compare SCHG with

Popular comparisons

SCHD vs SCHG — at a glance

Generated June 2026 from current fund data.

Overview

SCHD and SCHG are both Schwab ETFs tracking Dow Jones indices, but they pursue fundamentally different strategies. SCHD targets high-dividend-paying large-cap stocks with consistent payout histories, seeking current income alongside capital appreciation. SCHG targets large-cap growth stocks for capital appreciation, with minimal income generation.

How they differ

The core distinction is strategy: SCHD filters for dividend-paying stocks with financial strength and payout consistency, while SCHG simply targets the large-cap growth segment of the market. This shows up in yield—SCHD distributes 3.15% versus SCHG's 0.41%—and in beta, where SCHG's 1.19 suggests it tracks broader market volatility more closely while SCHD's 0.59 indicates lower volatility, typical of dividend-focused portfolios. SCHD carries a slightly higher expense ratio at 0.06% versus SCHG's 0.04%, though both are extremely low. SCHD has larger AUM at $95.2B compared to SCHG's $58.4B, reflecting the popularity of dividend strategies among income-seeking investors.

Who each is best for

SCHD: Fits investors seeking regular quarterly income from a diversified portfolio of financially stable dividend payers, with a preference for lower volatility and less sensitivity to broad market swings.

SCHG: Fits investors prioritizing capital gains over current income, with a higher tolerance for volatility and a longer time horizon to absorb market drawdowns typical of growth-oriented holdings.

Key risks to know

* Dividend cut risk in SCHD: Economic downturns or sector-specific stress can pressure dividend payers to reduce or suspend payouts; SCHD's focus on consistency provides some defense, but it is not immunity.

* Growth-stock volatility in SCHG: A beta of 1.19 means SCHG tends to amplify broad market declines; in prolonged downturns, losses can exceed the overall market by roughly 20%.

* Sector concentration in SCHD: The dividend filter naturally overweights sectors like utilities, REITs, and consumer staples while underweighting technology; this creates meaningful tracking difference during tech-led rallies and divergence risk if sector leadership shifts.

* Interest-rate sensitivity: Rising rates typically pressure dividend stocks (SCHD's lower beta partly reflects this defensive tilt) and growth stocks differently; SCHD may outperform in rising-rate environments while SCHG may lag.

* Reinvestment assumption: SCHD's 3.15% yield assumes reinvestment at similar yields going forward; if dividend growth stalls or payout ratios compress, total returns could trail historical averages.

Bottom line

SCHD and SCHG serve opposite investor needs: one prioritizes income and stability, the other prioritizes growth and appreciates volatility as opportunity. If you want regular quarterly cash flow and lower portfolio swings, SCHD's lower beta and 3.15% yield distinguish it; if you're building capital over decades and can tolerate 19% higher market sensitivity, SCHG's growth tilt and minimal distributions offer that profile. Past performance doesn't predict future results, and sector leadership can shift; the choice depends on your income needs and risk tolerance, not the superiority of either approach.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.